new party will support Bitcoin, calls fiat currency ‘hopeless’

Elon Musk has announced the formation of a new political party called the “America Party” which will support Bitcoin. In a post on the social media platform X, Musk stated that the party will embrace Bitcoin because “Fiat is hopeless.”

Elon Musk has announced the formation of a new political party called the “America Party” which will support Bitcoin. In a post on the social media platform X, Musk stated that the party will embrace Bitcoin because “Fiat is hopeless.”

Musk’s announcement follows a public dispute with President Donald Trump over a large spending bill. The new party, which has not yet been formally registered with the Federal Election Commission, aims to challenge the U.S. two-party system.

While Musk’s new party is getting attention for its pro-Bitcoin stance, other political parties and figures have also shown interest in cryptocurrency. The Libertarian Party in Australia, for example, has a policy that supports Bitcoin and accepts donations in the currency. In the U.S., there has been increasing bipartisan support for cryptocurrency, with both Republicans and Democrats accepting crypto donations and working on legislation related to the industry.

Musk’s announcement follows a public dispute with President Donald Trump over a large spending bill. The new party, which has not yet been formally registered with the Federal Election Commission, aims to challenge the U.S. two-party system.

Elon Musk has announced the formation of a new political party called the “America Party” which will support Bitcoin. In a post on the social media platform X, Musk stated that the party will embrace Bitcoin because “Fiat is hopeless.”

Musk’s announcement follows a public dispute with President Donald Trump over a large spending bill. The new party, which has not yet been formally registered with the Federal Election Commission, aims to challenge the U.S. two-party system.

While Musk’s new party is getting attention for its pro-Bitcoin stance, other political parties and figures have also shown interest in cryptocurrency. The Libertarian Party in Australia, for example, has a policy that supports Bitcoin and accepts donations in the currency. In the U.S., there has been increasing bipartisan support for cryptocurrency, with both Republicans and Democrats accepting crypto donations and working on legislation related to the industry.

While Musk’s new party is getting attention for its pro-Bitcoin stance, other political parties and figures have also shown interest in cryptocurrency. The Libertarian Party in Australia, for example, has a policy that supports Bitcoin and accepts donations in the currency. In the U.S., there has been increasing bipartisan support for cryptocurrency, with both Republicans and Democrats accepting crypto donations and working on legislation related to the industry.